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D-9.2 - Act respecting the distribution of financial products and services

Section 95
Disposition versions

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95. Notwithstanding section 23 of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), a firm may, through an insurance representative, collect deposits for a deposit institution authorized under that Act or a member bank of the Canada Deposit Insurance Corporation. No cash deposit may be received by such a representative.
All deposits so collected must be deposited with the deposit institution or bank for which the firm is acting.
1998, c. 37, s. 95; 2009, c. 25, s. 65; 2018, c. 23, s. 533.
95. Notwithstanding sections 23 and 24 of the Deposit Insurance Act (chapter A-26), a firm may, through an insurance representative, collect deposits for a deposit institution. No cash deposit may be received by such a representative.
All deposits so collected must be deposited with the deposit institution for which the firm is acting.
1998, c. 37, s. 95; 2009, c. 25, s. 65.
95. Notwithstanding sections 23 and 24 of the Deposit Insurance Act (chapter A‐26), a firm may, through an insurance representative or securities representative, collect deposits for a deposit institution. No cash deposit may be received by such a representative.
All deposits so collected must be deposited with the deposit institution for which the firm is acting.
1998, c. 37, s. 95.
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